Tiger Finance has provided a $40 million commitment to bolster the already strong liquidity position of Fender Musical Instruments Corp. (FMIC, “Fender”), one of the world’s leading musical instrument manufacturers, marketers and distributors.
 
The new $40 million credit facility by Tiger closed on August 18. It is an incremental five-year commitment that supplements a senior revolving credit facility to FMIC by JPMorgan. 
 
“This additional working capital enhances Fender’s ability to manage its business with greater agility,” said Tiger Finance Senior Managing Director Andy Cerussi. “It reflects the growing role of flexible capital solutions in supporting strong, innovative companies in today’s dynamic business environment.”
 
“As the leader in our industry, Fender is always working to optimize our capital structure to support strategic initiatives and continued global expansion. Compared to traditional FILO products, Tiger’s flexible capital solution was aligned with our proactive approach to treasury management,” said Matt Janopaul, Fender’s Chief Financial Officer.
 
Founded by Leo Fender in 1946, Fender owns and licenses brands that include Fender®, Squier®, Gretsch® guitars, Jackson®, EVH®, Charvel®, Bigsby® and PreSonus®. For the past decade, its digital arm has unveiled an ecosystem of apps, learning platforms and other products and interactive experiences designed to complement Fender guitars, amplifiers, effects pedals, accessories and pro-audio gear.
 
As the lending platform for Tiger Capital Group, Tiger Finance has committed more than $190 million of new capital since the beginning of the year. “We continue to build upon our strong relationship with J.P. Morgan Chase in ways that provide additional strategic options for borrowers from across the global economy,” Cerussi said.